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Publication Date: 2022-08-02
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Montgomery-Reeves
Attorneys: For plaintiff: Gregory P. Williams, Brock E. Czeschin, Christian C.F. Roberts, Richards, Layton, & Finger, P.A., Wilmington, DE; John C. Dwyer, Patrick E. Gibbs, Claire A. McCormack, Cooley LLP, Palo Alto, CA for appellant.
for defendant: Seth D. Rigrodsky, Gina M. Serra, Herbert W. Mondros, Rigrodsky Law, P.A., Wilmington, DE; Frank R. Schirripa, Hillary Nappi, Hach Rose Schirripa & Cheverie LLP, New York, NY; Gregory Mark Nespole, Daniel Tepper, Levi & Korsinsky, LLP, New York, NY; Travis E. Downs III, Erik W. Luedeke, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Thomas J. McKenna, Gregory M. Egleston, Gainey McKenna & Egleston, New York, NY; Beth A. Keller, Monteverde & Associates PC, New York, NY for appellees.
Case Number: D69906
Stockholders in §220 action could not rely on their own hearsay evidence to prove proper purpose where they refused to identify potential witnesses to permit the company the opportunity to conduct depositions.
Publication Date: 2022-08-02
Practice Area: Land Use and Planning
Industry: Real Estate | State and Local Government
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: David C. Hutt, R. Eric Hacker, Michelle G. Bounds, Morris James LLP, Georgetown, DE for appellants.
for defendant: Frederick A. Townsend, III, D. Barrett Edwards, IV, Hudson, Jones, Jaywork & Fisher LLC for appellee.
Case Number: D69907
City erred in denying application to install unroofed exit walkway on property due to exceeding floor area/parking requirements, where local zoning code did not unambiguously include such walkways within the definition of space counting towards gross floor area
Publication Date: 2022-08-02
Practice Area: Mergers and Acquisitions
Industry: Investments and Investment Advisory | Real Estate
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: Michael Hanrahan, Ronald A. Brown, Jr., Stephen D. Dargitz, J. Clayton Athey, Marcus E. Montejo, Samuel L. Closic, Prickett Jones & Elliott, P.A., Wilmington, DE; Carl L. Stine, Adam J. Blander, Antoinette Adesanya, Wolf Popper LLP, New York, NY; Brian D. Long, Long Law, LLC, Wilmington, DE; Frank P. DiPrima, Law Office of Frank DiPrima, P.A., Morristown, NJ for appellants.
for defendant: Kevin G. Abrams, John M. Seaman, Matthew L. Miller, Abrams & Bayliss LLP, Wilmington, DE; John A. Neuwirth, Evert J. Christensen, Jr., Seth Goodchild, Matthew S. Connors, Nicole E. Prunetti, Weil, Gotshal & Manges LLP, New York, NY; Peter J. Walsh, Jr., Berton W. Ashman, Jr., and Jaclyn C. Levy, Potter Anderson & Corroon LLP, Wilmington, DE; Peter E. Kazanoff, Michael J. Garvey, Sara A. Ricciardi, Simpson Thacher & Bartlett LLP, New York, NY; Raymond J. Dicamillo, Susan M. Hannigan, Richards, Layton & Finger, Wilmington, DE; Brian T. Frawley, Y. Carson Zhou, Sullivan & Cromwell LLP, New York, NY; David J. Teklits, Thomas P. Will, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE for appellees.
Case Number: D69905
Dividing merger transaction into substantial pre-closing dividend and meager "per share merger consideration" did not frustrate stockholders' appraisal rights since dividend legally constituted merger consideration.
Publication Date: 2022-07-12
Practice Area: Corporate Governance
Industry: Food and Beverage | Hospitality and Lodging | Investments and Investment Advisory
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Ralph N. Sianni, Andersen Sleater Sianni LLC, Wilmington, DE; Hung G. Ta, JooYun Kim, Natalia D. Williams, HGT LAW, New York, NY; Peter Safirstein, Safirstein Metcalf LLP, New York, NY for appellant.
for defendant: Kurt M. Heyman, Jamie L. Brown, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Adam H. Offenhartz, Gibson, Dunn & Crutcher LLP, New York, NY; Tyler H. Amass, Gibson, Dunn & Crutcher LLP, Denver, CO for appellees.
Case Number: D69883
Chancery court properly granted corporation's special litigation committee's motion to dismiss derivative claims, where there was not sufficient evidence to raise a material dispute regarding the independence of the SLC or the reasonableness of the findings of the SLC's investigation into the claims.
Publication Date: 2022-06-28
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Andrew S. Dupre, Brian R. Lemon, Steven P. Wood, Sarah E. Delia, Stephanie H. Dallaire, McCarter & English, LLP, Wilmington, DE for appellants.
for defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Lilianna Anh P. Townsend, Trevor T. Nielson, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for appellee.
Case Number: D69864
Board committee action approving omnibus agreement moving company's assets into a "NewCo" was invalid where company's charter required approval of one class of shareholders for "asset transfers."
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Publication Date: 2022-06-28
Practice Area: Corporate Entities
Industry: Technology Media and Telecom
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: Frank E. Noyes, II, Offit Kurman, P.A., Wilmington, DE; Adam K. Bult, Brownstein Hyatt Farber Schreck, LLP, Las Vegas, NV; Jeremy Eicher, Eicher Law LLC, Wilmington, DE; Alan M. Dershowitz, Cambridge, MA for appellants.
for defendant: Jennifer C. Voss, Cliff C. Gardner, Elisa M.C. Klein, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE for appellee.
Case Number: D69868
Chancery court erred in holding company's majority shareholder and controller in contempt of violating an exclusive jurisdiction order where shareholder was not a party to the out-of-state action filed in contempt of the chancery court's order and where controlling stake did not itself make shareholder personally liable for the company's conduct.
Publication Date: 2022-06-07
Practice Area: Insurance Law
Industry: Financial Services and Banking | Insurance
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: A. Thompson Bayliss, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; Ginger D. Anders, Donald B. Verilli, Jr., Brendan B. Gants, Munger, Tolles & Olson LLP, Washington, DC; Stephen L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE; Samuel O. Patmore, Jenea M. Reed, Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. for appellants.
for defendant: Donald L. Gouge, Jr., Donald L. Gouge, Jr., LLC, Wilmington, DE; Gregory J. Star, Michael L. Miller, Joseph M. Kelleher, Cozen O’Connor P.C., Philadelphia, PA for appellee.
Case Number: D69841
Bona fide purchaser or securities intermediary could not assert UCC defenses to estate's claim to recover death benefit from stranger-originated life insurance policy since Delaware public policy precluded any party from profiting off an illegal wager on human life.
Publication Date: 2022-05-24
Practice Area: Environmental Law
Industry: Real Estate | State and Local Government
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Richard L. Abbott, Abbott Law Firm, Hockessin, DE for appellant.
for defendant: Kayli H. Spialter, Delaware Department of Justice, New Castle, DE for appellees.
Case Number: D69826
Environmental Appeals Board properly interpreted statutory definition of "wetlands" as not being restricted solely to lands experiencing daily tidal flow, where the Wetlands Act expressly encompassed land features that did not necessarily have daily tides.
Publication Date: 2022-05-17
Practice Area: Criminal Law
Industry:
Court: Delaware Supreme Court
Judge: Justice Montgomery-Reeves
Attorneys: For plaintiff: Elliot Margules, Office of The Public Defender, Wilmington, DE for appellant.
for defendant: Matthew C. Bloom, Delaware Department of Justice, Wilmington, DE, attorneys for appellee.
Case Number: D69817
The state did not commit a discovery violation by failing to highlight the importance of photos extracted from the victim's cell phone, where appellant was provided with ample access to review the photos and the identity and appearance of the victim were going to be a central issue of the trial.
Publication Date: 2022-04-26
Practice Area: Insurance Litigation
Industry: Health Care | Insurance
Court: Delaware Supreme Court
Judge: Justice Montgomery-Reeves
Attorneys: For plaintiff: Paul A. Bradley, Stephanie A. Fox, Maron Marvel Bradley Anderson & Tardy LLC, Wilmington, DE; Laura A. Cellucci, Joshua F. Kahn, Miles & Stockbridge P.C., Baltimore, MD; George M. Church, Cockeysville, MD; Meloney Perry, Perry Law P.C., Dallas, TX; for plaintiff.
for defendant: Richard H. Cross, Christopher P. Simon, Michael L. Vild, Cross & Simon, LLC, Wilmington, DE for defendants.
Case Number: D69791
The court found the plaintiffs did not prove breach of contract or bad faith breach of contract because the contract was silent on the process to be used to evaluate claims of medical expense.
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